Ecommerce News

Amazon changes payout period

Amazon changes payout period
Ecommerce giant Amazon has announced that it will make changes to its payout period. Sellers in the United Kingdom and Europe will have to wait until a week after the delivery of an item to receive their proceeds. The change will come into effect in phases in the upcoming month, until September 6th.
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Online spending grows 1.6% in the UK

Online spending grows 1.6% in the UK
In June and July, consumers in the United Kingdom spent a total of 21.5 billion euros (18.6 billion British pounds) online. This is a year-on-year growth of 1.6 percent when compared to the same period last year. It is the first growth in seventeen months.
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Mirakl secures 100 million euros

Mirakl secures 100 million euros
Marketplace solution provider Mirakl has secured 100 million euros in debt financing. The funding will be used to enhance its technology and to finance acquisitions. The company was already valued at over 2,92 billion euros in 2021, after a Series E funding round of 468 million euros.
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Zalando: more profit, but lower trading volume

Zalando: more profit, but lower trading volume
Zalando reported an 87 percent surge in adjusted earnings before interest and tax (adjusted EBIT) in the second quarter. On the other hand, the value of the trading volume declined by two percent to 3,7 billion euros. Because of these results, the platform expects the adjusted EBIT in 2023 to be 300 million euros to 350 million euros.
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